The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-12
DURING THE FIRST FIVE
MONTHS OF 1887,
Is Eighteen Per Cent. More Than
for the Same Time
In 1885;
THIRTY.ElGHr PER CENT. MORE
THAN FOR 1885,
And twenty Per Cent. More Than
for the Same Time
In 1854.
IsPE0IAL TO TEE APrKAL.I

is a strong foundation for the variou,
new enterprises under way. The
gain in business during the past five
months, over the same time last year
was IL per cent. same time in 1886
80 per cent ; over same time In 1884
20 per cent. This extraordinary in
crease in business has been made
possible by railway extension, by the
increase in the volume of currency
by the strong organization of capital,
and by the steady increase in the
earning power of the masses.
Business from all sections of the
-countyis 10 very healthy condition.
Manufacturers and jObbers are com
planning during the last week or so
Of a temporary dizziness, but the com
plants are without just cause. An
enormous consumption is going Cd,
as well as production. Stocks of all
kinds OF goods are light. Mills and
factories continue to receive orders
Tor forward delivery. In Boston, all
of the boot and shoe shops are well
supplied with contracts. In Phila-
delphia, there is an active demand for
building material, iron, steel, lumber
and coal. In Cleveland, o., there is
Q steady Wholesale trado. In Gin
einnati all manufacturers are run
ming full time on orders. In Chi
cago, the sales of general merchau-
disc are up to the same as last year.
Dry goods of all kinds are selling in
surprisingly large quantities. Moth
ing Is being done in local building
material or lumber. The Eastern
and Western lumber shipments are
very heavy.
The lumber trade in general was
never in more prosperous shape. The
great building activity is absorbing
the entire output of mills in all sec
tions of the country. Prices are
firm and will continue 30 for months.
Immense quantities of yellow pine
are being received at North Atlantic
ports. Considerable supplies are
also coming by rail.
In Detroit the volume of business
is away ahead of last year. In Louis
vile the bank clearings for May were
20 per cent. greater than for MAY
last year. In st. Louis the same re-
port is made, and the month of June
opens very promising. In Kansas
City an extraordinary amount Of
building Is going on, money is abun-
dant, markets are active and the
summer and fall prospects are very
encouraging. In s.. Paul hardware,
dry goods aud clothing are selling
we'll. In Denver building is active,
heavy hardware and machinery are
in demand and prices are firm. In
New Orleans fair volume of bust
ness is reported. Throughout the
Mississippi Valley there is a gener-
ally healthy condition of trade,
Within the past week contracts
have been placed with rail mills for
100000 tons of American rails, and
in foreign markets for about $4,000
tons for winter and autumn delivery
respectively. Prices are $38 at mill
for American and 81 at Gulf ports
for foreign. The iron Industry as a
whole was never in more prosper
Gus condition, and very little ca
pacity is in enforced idleness. The
coke workers strike may possibly be
terminated by the return of the
Knights. The anthracite coal trade
is better than it was last year, and
prices are higher. Enormous con-
tracts have been placed for bitumi-
nous coal, and the combination ctn-
templates 10 per cent. per ton ad-
vance. A meeting was held for that
purpose last Saturday in Philadel-
phia, but action was postponed.
The demand for all kinds of build
ing material is very heavy. Brick is
scarce in several Cities new ma
Chinery is being put in to remedy
the want. Lumber is arriving in
large quantities, aud both hard and
soft woods are selling as fast as they
arrive. The furniture manufacturers
are liberal purchasers of good wood,
especially of wood designed for an
tique products, for which there is
great rush.
The financial situation is at pres
-ent good. High authorities conf
IDENTIFY believe that the country is
expanding too rapidlyand that there
are serious dangers ahead which will
burst upon US like a thunder clap
before the country is ready for it.
The textile manufacturers of Phil
,adelphia are very busy preparing for
what they expect will be the heav-
lest season they have ever had
There will be a rush of Western
and Southern jObbers in the city,
from the 18th Of June to about the
LIST of August, during which time
orders will be placed for about as
much carpeting as the mills can
turn out for the next six months,
Samples are all completed, and many
of them show great improvement
over former productions. The de-
mand for bleached and brown goods,
and for all kinds of cotton dress
goods, is very active, and quite a
number of factories have several
weeks orders already in hand. The
manufacturers of hosiery are also
pushing work, and the volume of
uOSlcIy duu Aulb kUOuS UubluebS, az
'cording to present indications, will
run ahead of last years, The car
pet assemblies, which have been ex-
PEELED, are raising a great hue and
cry, and will exhaust every remedy
to oyerturn the decision Of the Gen
eral Executive Board.
One of the secrets of success which
che Knights of Labor, as we'll as any
other organized power has to learn,
is the imperative necessity of abso.
Lutte obedience to the orders of supe-
riors, be they right or wrong; as
well NIGH brigade or division hold
a debating society before going into
battle, or a ships crew resolve itself
into committee of the whole to de-
eide whether they would 90 into ac-
ton, as for an assembly of the
Knights of Labor, or any number of
them, to call into question OF disobey
the edict of their General Executive
Board.
Tbara have baen 400 strikas sinca